News

Blue Owl shares surge after private credit firm cites 10X gains from SpaceX

Blue Owl said it's made 10 times its investment in SpaceX, which is headed for a record IPO later this year.

Here's why surging oil prices may not derail the consumer trade

Wall Street is already looking beyond Big Tech quarterly results.

SoFi CEO defends decision to hold guidance steady

SoFi CEO Anthony Noto explained that the company declined to raise its full-year outlook due to macro uncertainty, not weakness in fundamentals.

Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism 'unprecedented'

Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.

PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.

Fed holds rates steady but with highest level of dissent since 1992

The Federal Reserve on Wednesday released its latest decision on interest rates.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.

Traders brace for $800 billion in earnings-related stock movement

Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the "Magnificent Seven" — set to report.

Kalshi bettors see Powell staying on as Fed governor after chair term ends

Bettors on the platform don't think Powell will leave until August. If he stays on until then, he'd attend two more meetings of the FOMC.

Bill Ackman's $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision

The listing gives public investors their first direct stake in Ackman's investment platform, which runs a concentrated portfolio of 10 large-cap names.

Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it

Blockworks wants to position itself as the main data provider for the world of digital assets in a bid to attract more investors to the asset class.

Here's everything to expect when the Fed issues its latest interest rate decision Wednesday

In what could be Jerome Powell's final meeting as Fed chair, he and his fellow policymakers are likely to continue their cautious approach.
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